Increasing Demand for Automotive Telematics Market to Fuel Revenue Growth Through 2026

Published On : 12/01/2021

Persistence Market Research has rolled out a new market research report on “Automotive Telematics Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”, which examines the automotive telematics market and offers critical insights for the next eight years. Based on the findings specified in the report, the market is expected to witness an increase in the number of safety and security regulations for vehicles and increase in wireless technology for necessary vehicle operations such as door locking or unlocking, start or stop, tire pressure, wear and tear of vehicle components, location and others.

The estimated value of the global automotive telematics market in 2018 is US$ 42,624 Mn, which is expected to expand at a CAGR of 8.4% to reach US$ 81,100 Mn by the end of 2026. The APAC automotive telematics market is projected to be valued at 12,199 Mn, accounting for a 28.6% value share in 2018. By 2026, this value is projected to reach US$ 25,921 Mn, i.e. a 32.0% value share, exhibiting a CAGR of 9.9%.

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FACTS AT A GLANCE

Companies: Trimble Inc., Visteon Corporation, Airbiquity Inc., Aplicom Oy, Scorpion Automotive Ltd, iTriangle Infotech Pvt Ltd., Shenzhen Concox Information & Technology Co., Ltd., Minda Corporation Limited, idem telematics GmbH, Road Track, ACTIA Group, Lavinta Buana Sakti, Microlise Limited, BOX Telematics and Redtail Telematics Corporation.

Coverage: All major geographies and key segments

Segments: Automotive Telematics Market Segmented By Passenger, Commercial Vehicle in Embedded, Tethered, Smart Phone Technology

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Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

Persistence Market Research offers an 8-year forecast for the automotive telematics market between 2018 and 2026. The global automotive telematics market is anticipated to grow from US$ 42,624 Mn in 2018 to US$ 81,100 Mn in 2026 while expanding at a CAGR of 8.4% during the forecast period (2018-2026). The APAC automotive telematics market, on the other hand, is anticipated to grow from US$ 12,199 Mn in 2018 to US$ 25,921 Mn in 2026 while expanding at a CAGR of 9.9% during the forecast period (2018-2026).

The foremost objective of the report is to present insights on technological advancements in the automotive telematics market. The report provides updates on drivers, restraints, opportunities and various trends in the automotive telematics market. The study provides market dynamics that are expected to influence the current global and APAC automotive telematics sales and the future of the automotive telematics market over the forecast period.

The reports_bk_01_01_2020 starts with the market overview and provides market definitions and taxonomy for the global automotive telematics market. The overview section presents the market dynamics which include market drivers, restraints, opportunities and trends and is followed by value chain analysis. Moreover, this section also covers the brief global market forecast indicating Y-o-Y projections and incremental opportunity over the forecast period.

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